Welcome to 2019 and a delayed provision of the tax reform, also known as the Tax Cuts and Jobs Act (TCJA). For divorce agreements entered into after December 31, 2018, or pre-existing agreements that are modified after that date to expressly provide that alimony received...
Getting a tax refund is always a great feeling. But what should you do with it? While the first thing you might be tempted to do is spend it on a splurge for yourself, here are a few other options you might want to consider. Start...
We often read about how technological advances, such as artificial intelligence, will someday be used for customer-facing jobs – even eliminating the human touch. However, small firms that rely on trust and personal relationships are not likely to benefit from these innovations. Nonetheless, technology –...
What should be the chief focus of the owner or manager of an independent pharmacy? Lester Nathan, in a recent article for Pharmacy Times, explains that he believes that a pharmacy manager’s primary focus should be on building the business and increasing profits. How can...
Dealing with a pharmacy benefit manager (PBM) audit is perhaps one of the biggest headaches that an independent pharmacist encounters. Not only are they stressful, but they are also expensive. Is there anything that pharmacists can do to mitigate the pain of a PBM audit?...
It may surprise you to learn that pharmacists face risk in the form of a wide variety of on-the-job injuries. In a recent article published by Pharmacy Owners, author Steve Boone examines ten different hazards facing pharmacy staff members. Due to the nature of a pharmacy...
In response to industry developments, independent community pharmacists have become quite adept at accommodating to changing conditions. In a recent article for Drug Topics, author Beth Duff explores how independent pharmacists are responding to the new challenges that they face. New Role – Due to...
Happy New Year! We are excited to kick off the 2019 tax season and we're also excited to share what we have been up to since our last newsletter. Conferences/Seminars/Events: The BDO Alliance Mini Area Meeting was held in January. Blackman & Sloop was pleased to...
What year did you join Blackman & Sloop? I joined the Blackman and Sloop audit team in August of 2018. Where did you go to college? I attended NC State University for both my Undergraduate and Master’s degree in Accounting. Why did you choose Blackman & Sloop? One of the...
Individuals with large estates generally want to gift portions of their estate to beneficiaries while they are still living, to avoid or lessen the estate tax when they pass away. That can be done through annual gifts (up to the inflation-adjusted annual limit for each...
